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Lao People’s Democratic Republic - Gross domestic product based on purchasing-power-parity in current prices

48,167,406,715 (international dollars) in 2017

In 2017, GDP based on PPP for Lao People’s Democratic Republic was 48,167 million international dollars. Between 1998 and 2017, GDP based on PPP of Lao People’s Democratic Republic grew substantially from 8,904 million to 48,167 million international dollars rising at an increasing annual rate that reached a maximum of 11.96 % in 2006 and then decreased to 8.82 % in 2017.

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What is GDP based on PPP?

PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.

What is Lao People’s Democratic Republic GDP based on PPP?

Date Value Change, %
2017 48,167,406,715 8.82 %
2016 44,264,968,375 8.39 %
2015 40,839,177,061 8.43 %
2014 37,663,101,157 9.54 %
2013 34,381,946,783 9.77 %
2012 31,321,540,191 10.02 %
2011 28,469,987,708 10.27 %
2010 25,818,610,471 9.85 %
2009 23,503,001,198 8.32 %
2008 21,698,112,941 9.94 %
2007 19,736,320,797 10.46 %
2006 17,867,336,254